Background
DENISON, Edward was born on December 18, 1915 in Omaha, Nebraska, United States. Son of Edward Fulton Denison and Edith Barbara (Browni Denison.
(Committee For Economic Development, Supplementary Paper N...)
Committee For Economic Development, Supplementary Paper No. 13.
http://www.amazon.com/gp/product/B0006AXEDO/?tag=2022091-20
(A landmark study measuring competitiveness among nations....)
A landmark study measuring competitiveness among nations. In the days of seeming gravity free competition powered by computers technology and currencies, Denison's book rings truth about productivity as the basis for longterm growth in international economies.
http://www.amazon.com/gp/product/B003S9FC1C/?tag=2022091-20
(Explains the techniques of growth analysis and their use ...)
Explains the techniques of growth analysis and their use in studying the changes in productivity, potential national income, and output determinants that mark economic development.
http://www.amazon.com/gp/product/0815718039/?tag=2022091-20
( Government figures show that from 1948 to 1973 producti...)
Government figures show that from 1948 to 1973 productivity increased at the same rate in the manufacturing and nonmanufacturing portions of American business. The same government figures indicate a dramatic shift in the 1980s, when productivity increased far more in manufacturing industries than in nonmanufacturing. Denison's analysis challenges the reality of this reported change. Denison focuses on the meaning and reliability of productivity series for industries within the business economy. His analysis divides into three parts. First, he finds that a large part of the difference between manufacturing and nonmanufacturing growth rates of output per hour stems from the computer industry. He argues that the effect of recent rapid productivity growth in computer production is greatly overstated because the weighting system used to combine products in output measurement exaggerates the importance of computers. Use of an output measure that does not deduct depreciation has the same effect. Denison also questions the way that output of computers is measured. Denison next examines the way changes in output per hour are allocated among industries. His evaluation leads to two major conclusions. One is that the information underlying the estimates is insufficient to warrant confidence in indicated differences among industries. The other is that, quite apart from the computer, the estimated increase in output per hour in the U.S. manufacturing in recent years is almost surely overstated and the increase in nonmanufacturing is correspondingly understated. The size of bias has, in all likelihood, increased over time. Denison recommends that the government introduce an alternative way of dividing the economy for productivity measurement, one that measures productivity in the production of different types of final goods instead of by industry. He describes a methodology that could provide such estimates. The results, Denison contends, are more enlightening and the problems encountered in estimating productivity by industry can be avoided.
http://www.amazon.com/gp/product/0815718004/?tag=2022091-20
DENISON, Edward was born on December 18, 1915 in Omaha, Nebraska, United States. Son of Edward Fulton Denison and Edith Barbara (Browni Denison.
Student, Central Young Men’s Christian Association College, Chicago, 1934. Student, Loyola University, Chicago, 1935. AB, Oberlin College, 1936.
A.M., Brown University, 1938. Doctor of Philosophy, 1941. Doctor of Philosophy fellow in economics, Brookings Institution, 1940.
Graduate, National War College, 1951.
Instructor Brown University, 1940-1941. Economist., national income division Office of Business Economics, United States Department Commerce, 1941-1947, acting chief, national income division, 1948. Assistant director Office of Business Economics, 1949-1956.
Associate director Bureau Economic Analysis, 1979-1982. Economist Committee Economic Development, 1956-1962. Senior fellow Brookings Institution, 1962-1978, senior fellow emeritus, from 1978.
Visiting research professor University California - Berkeley, 1966-1967. Chief aggregates unit United States Strategic Bombing Survey, Germany, 1945. Lecturer American University, Washington, 1946.
(Explains the techniques of growth analysis and their use ...)
( Government figures show that from 1948 to 1973 producti...)
(Committee For Economic Development, Supplementary Paper N...)
(A landmark study measuring competitiveness among nations....)
(Book by Denison, Edward Fulton)
(Book by Denison, Edward F., Jean-Pierre Poullier)
Author: The Sources of Economic Growth in the United States and the Alternatives Before Us, 1962, Why Growth Rates Differ, 1967, Accounting for United States Economic Growth, 1929-1969, 1974, (with William K. Chung) How Japan's Economy Grew So Fast, 1976, Accounting for Slower Economic Growth, 1979, Trends in American Economic Growth, 1929-1982, 1985, Estimates of Productivity Change by Industry: An Evaluation and An Alternative, 1989.
Developed growth accounting (sources-of-growth analysis) and applied it to the study of growth in ten advanced countries and to the study of differences in their levels of output. Contributed to the theory and practice of measurement of capital stock, especially with respect to quality changes. Demonstrated unreality of embodiment models.
Showed stability of total private saving rate. Participated in development of concepts and estimates for the national income accounts of United States of America Measured and analysed professional incomes.
Fellow American Academy Arts and Sciences, American Economic Association (Distinguished fellow. Vice president 1978), American Statistical Association (Distinguished fellow). Member International Association Research in Income and Wealth, National Academy of Sciences, Conference Research in Income and Wealth, National Economists Club (board governors).
Clubs: Sherwood Forest (Maryland).
Married Elsie Lightbown, June 14, 1941. Children: Janet Denison Howell, Edward.